Jameel is a 52-year-old man who is married and a father of six sons and one daughter. His daughter is a university student majoring in nursing. Jameel has been running his brick workshop, which was his family's only source of income, for 23 years. He started his business using one brick machine. Now he has three machines and is planning to purchase a new one because one of them needs repair. But he doesn't have enough money to do so because of the household expenses he has to pay. For that, he has applied for this loan.
About National Microfinance Bank
Jordan is a small country located in the heart of the Middle East’s Levant region. Regional instability has caused Jordan to be excluded from global investments for decades. Additionally, a lack of natural resources—including water and energy—places tremendous strain on the Jordanian economy, over 80% of which consists of small businesses, largely in the service industry. Despite their importance in the economy, many of these businesses are excluded from the banking sector because of their size. Microfinance institutions like National Microfinance Bank offer them an opportunity to enhance and expand their businesses. NMB also offers its services to other underprivileged peoples in Jordan, providing them with loans to pursue educational goals and improve their homes and livelihoods.